Trump will meet China's Xi at G20 if talks look positive
Trump will meet China's Xi at G20 if talks look positive
Trump warns there is 'a lot more' he can do to China
12 October, 2018, 22:55
The September surplus with the USA was larger than China's overall trade surplus for the month.
China's trade surplus with the U.S. jumped to a monthly record high of US$34.1 billion last month on the back of an escalating trade war that shows little sign of cooling, according to data released by China's customs administration on Friday. That's significantly higher than the $196 billion recorded between January and September past year.
More than the tariffs, the worsening trade imbalance is also a reflection of the two countries' economies, experts said.
The direct impact and indirect influence caused by ongoing trade frictions is "controllable", the General Administration of Customs said Friday, according to a report in the state-run China Daily.
China-U.S. relations have also been roiled by Beijing's heated objections to U.S. support for Taiwan, the self-governing island democracy it claims as its own territory, as well as China's claim to virtually the entire South China Sea, where the U.S. says a Chinese destroyer came aggressively close to a U.S. Navy ship late last month, forcing it to maneuver to prevent a collision.
While the data showed China's trade remained strong for the month, analysts forecast the trade war will begin to hurt in the coming months.
China's export data has been surprisingly resilient to tariffs, possibly as companies ramped up shipments before stiffer US duties go into effect, but factory surveys have shown export orders have been shrinking for several months. When President Trump first hit China with 25 per cent tariffs on $50 billion of exports in June, Beijing retaliated with $50 billion of tariffs of its own.
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Washington and Beijing have raised tariffs on billions of dollars of each other's goods in a fight over American complaints about Chinese technology policy.
China has steadfastly denied that it has manipulated the yuan to cope with the tariffs.
The Chinese yuan has lost almost 10 percent of its value against the USA dollar this year.
Trump and Xi have agreed to meet next month at the G-20 summit in Buenos Aires to discuss the escalating U.S.
"I have a lot more to do if I want to do it".
"China's trade surplus will keep rising because the domestic economy is cooling down", said Andy Xie, a Shanghai-based independent economist. "I don't want to do it but they have to come to the table", he warned.
India will take on West Indies in a 5-match ODI series, which is scheduled to be held from October 21 to November 1. India would also look to address the festering middle-order woes against the touring Caribbeans.
Cyclonic storm " Titli " on Thursday wreaked havoc in the states of Odisha and Andhra Pradesh killing eight people. Affected districts are Ganjam, Gajapati, Khurda, Puri, Jagatsinghpur, Kendrapada, Bhadrak and Balasore districts.
In the second-quarter, the Giants muffed a punt and Colin Jones recovered it in the end zone for a touchdown for Carolina. The Giants face the the Carolina Panthers in Charlotte in Week 5. "Just chatter", Beckham said on Tuesday.
Mallika as well as her father, journalist Vinod Dua, had lashed out at the actor for his inappropriate comment. Mallika had to face trolling and vile abuse on social media for speaking out against the actor.
Winds are forecast to reach up to 110-miles-per-hour and some areas are expected to see an eight-to-twelve foot storm surge. The governor activated 750 National Guardsmen for storm response on Monday, on top of the 500 activated the day before.
At the same time, a deepening polarization between conservatives and liberals in the Church has played out on social media. An expert told CBS News at the time that the letter was highly unusual, but that a resignation would be even more so.
A little later on Thursday, State Department spokesperson Heather Nauert told reporters, "I am not aware of any such deal". He was sentenced to three years in prison but will not serve time as he had already spent two years in jail.
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